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Nov 19, 2012
11/12
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CNBC
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here in arizona, a full 50% of houses are underwater, and next door in nevada, it's even worse. 65% of houses there are drowning, and the water's rising. and it's not just the southwest. more than 11 million homeowners across the country are underwater. it's estimated that number could double in the next year, which means nearly half of all american mortgage holders will owe more on their homes than those homes are currently worth. >> we've been through an event that none of us have ever experienced in this country since the depression. >> to try to stem the tide of foreclosures, the commissioner of the federal housing administration, david stevens, says the obama administration has set aside billions to give banks the incentive to help struggling and underwater borrowers with their mortgages. but banks have been slow to modify the terms of those loans. >> the fact of the matter is, these programs are designed to affect those who are most at risk, who are unable to make their payments, and it does require the investor, the servicer, to participate. >> the decision to walk away from the
here in arizona, a full 50% of houses are underwater, and next door in nevada, it's even worse. 65% of houses there are drowning, and the water's rising. and it's not just the southwest. more than 11 million homeowners across the country are underwater. it's estimated that number could double in the next year, which means nearly half of all american mortgage holders will owe more on their homes than those homes are currently worth. >> we've been through an event that none of us have ever...
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Nov 29, 2012
11/12
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CNBC
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he wants to make sure it doesn't kill nevada's fledgling recovery. later gillman takes it to a 30,000-acre industrial park he's built for facilities for walmart and toys "r" us. he says when it comes to the fallout for fiscal cliffing he says, quote, this is where the buck stop zmienlts know of anyone who doesn't like harry reid. he must be a great senator for people in nevada. >> he takes care of the state. >> it's a small state and he's very powerful and he looks out for nevada and that's why you have republicans say they don't agree with him but they like what he does -- >> were you comfortable sashaying in there, jane? >> this isn't my first rodeo. you know, actually once in the '80s -- well, i'm dating myself. i posed as a prostitute for a story in miami and i was on the street of biscayne bay and nobody would stop. it was very embarrassing. >> you didn't touch anything while you were there, did you? i saw you sort of -- >> i was not like that. no, no. it was very pleasant. they were professional. >> all right. never mind. you were very comable.
he wants to make sure it doesn't kill nevada's fledgling recovery. later gillman takes it to a 30,000-acre industrial park he's built for facilities for walmart and toys "r" us. he says when it comes to the fallout for fiscal cliffing he says, quote, this is where the buck stop zmienlts know of anyone who doesn't like harry reid. he must be a great senator for people in nevada. >> he takes care of the state. >> it's a small state and he's very powerful and he looks out for...
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Nov 29, 2012
11/12
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CNBC
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. >>> "today" as the fiscal cliff looms are investors taking a gamble in nevada? >> there's not a lot of confidence out there now. rise above road trip, continuing coverage throughout the day on cnbc. >> welcome back to "squawk on the street," as we count down to the breaking news due out at the top of the hour, impending home sales are down. the price target now stands at 16 bucks a share, they are optimistic as we come to the january launch of blackberry. don't take into account the positive tail wind that blackberry will have. we have had a number of analysts out there recently who have raised their price targets as well as estimates and ratings. >> okay, let's get some breaking news now, on home stats. >> good morning, simon, we're here outside bankruptcy court in white plains new york for the latest in the saga of the hostess bankruptcy. liquidation, now the courtroom is reconvening to hear arguments about whether some 19 hostess executives should be getting a retention payout of $1.75 million, these so called bankruptcy bonuses. the interest is not necessari
. >>> "today" as the fiscal cliff looms are investors taking a gamble in nevada? >> there's not a lot of confidence out there now. rise above road trip, continuing coverage throughout the day on cnbc. >> welcome back to "squawk on the street," as we count down to the breaking news due out at the top of the hour, impending home sales are down. the price target now stands at 16 bucks a share, they are optimistic as we come to the january launch of...
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Nov 30, 2012
11/12
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CNBC
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in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start to get more customers saying i've talked to my tax adviser and i'm going to opt out of that short sale and we'll just take it to foreclosure. and, carl, that is exactly not what we want to hear as this housing recovery is really just gaining steam. >> wow. in your opinion diana would we start to see that, the impact in sales of existing and starting in january? >> well, starting in january you would start to see those short sales go away and that would mean more homes would go to foreclosure. short sales have really been saving this market keeping people out of f
in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start...
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Nov 27, 2012
11/12
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FBC
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minute the housing market getting a boost from china chinese buyers are grabbing holmes a california and nevada by foreclosed homes but some are luxury residences. chinese buyers accounted for 74 billion the sheer the second largest foreign buyer of loathsome the country. the mexico plan from the peanut butter recall has been shut down. the breeding ground from seven outbreak the fda noted there was a history of violations that led to the decision and" end quote. vacation index brings good news. prices are up 1.1%. there of 20% from one year-ago. las vegas is up but they're still below the 2000 levels. he would be fired with any other line of business. why is two 1/2 minstar still on the show why he called it fills? dennis: the winners and losers and how you can profit. >> we have some names moving on the nasdaq. [ male announcer ] you are a business pro. governor of getting it done. you know h to dance... with a deadline. and you...rent from national. because only national lets you choose any c in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. th
minute the housing market getting a boost from china chinese buyers are grabbing holmes a california and nevada by foreclosed homes but some are luxury residences. chinese buyers accounted for 74 billion the sheer the second largest foreign buyer of loathsome the country. the mexico plan from the peanut butter recall has been shut down. the breeding ground from seven outbreak the fda noted there was a history of violations that led to the decision and" end quote. vacation index brings good...
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president obama has left wisconsin for nevada. then he is off to colorado. the handful of swing states see awful lot of candidates next five days. the obama campaign aides describe the campaign speeches as the first of his closing arguments stressing his administration has more work to do. the governor romney argues that the president's rhetoric makes it clear he is out of ideas. >> what you're seeing before your very eyes that the campaign is shrinking and shrinking to smaller things. he is talking about how he will save big bird and playing silly word games with my last name or first and then, attacking moo day in and day out. attacking me doesn't make an agenda. that doesn't get people back to work. >> what the governor is offering sure ain't change. giving more power back to the biggest banks isn't change. leaving millions without health insurance isn't change. >> no!. >> another $5 trillion tax cut that favors the wealthy isn't change. >> fox business has also been watching effects of hurricane sandy on the election especially in swing states. the ohio
president obama has left wisconsin for nevada. then he is off to colorado. the handful of swing states see awful lot of candidates next five days. the obama campaign aides describe the campaign speeches as the first of his closing arguments stressing his administration has more work to do. the governor romney argues that the president's rhetoric makes it clear he is out of ideas. >> what you're seeing before your very eyes that the campaign is shrinking and shrinking to smaller things. he...
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the two interviews in iowa, colorado, nevada, washington, d.c. that will be virginia interview for him. same going on with the romney campaign. they are actively campaigning all the way up to the very end here. there is sense of optimism among the obama campaign. they say they have had small yet consistent leads in many battleground states. they think it will carry them through the night. they're putting the final touches what will be the election night party here at mccormick place, the convention center in downtown chicago. president obama will be here later this evening. they hope this party will turn into a celebration. we'll know in a few hours whether that is true or not or whether this will go on the next few days. back to you. lori:. tracy: rich is from new jersey. he has the skepticism about him. >> oh, yeah. tracy: i'm so skeptical. i think we have a week before we know. what do i know? >> i packed enough for about a week, tracy. brought a lot of ties with me. tracy: not just the sicilian thing. new jerseyians in general we're skeptics.
the two interviews in iowa, colorado, nevada, washington, d.c. that will be virginia interview for him. same going on with the romney campaign. they are actively campaigning all the way up to the very end here. there is sense of optimism among the obama campaign. they say they have had small yet consistent leads in many battleground states. they think it will carry them through the night. they're putting the final touches what will be the election night party here at mccormick place, the...
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Nov 28, 2012
11/12
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FOXNEWSW
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highest amount of economic freedom and the states with the highest amount of freedom are delaware and nevada and south dakota and illinois and georgia and nebraska and utah. what are they doing rightt. >> the main index measures the size of government and taxation and labor market regulation in those states. they are having a smaller government that puts a smaller burden on the people than new mexico and west virginia and mississippi of the united states . the result is, those states tend to be richer on average than the states that regulate economic freedom away more. >> steve: you mentioned the states with the lowest economic freedom and we'll put that map up as well you touched on them a couple of moments ago. bad news for the people of the united states. canada is eing us? >> yes, people associate the united states as one of the freer nations of the world. this is changing in particular over the last 10 years. with perspect, it is the case of the tallest dwarf. we could be more heck than we always have been. but relative to the nations of the world we are declining rapidly. the united st
highest amount of economic freedom and the states with the highest amount of freedom are delaware and nevada and south dakota and illinois and georgia and nebraska and utah. what are they doing rightt. >> the main index measures the size of government and taxation and labor market regulation in those states. they are having a smaller government that puts a smaller burden on the people than new mexico and west virginia and mississippi of the united states . the result is, those states tend...